In connection with the proposed merger transaction, the Company filed
with the SEC an amended preliminary proxy statement and other documents
relating to the proposed merger on May 13, 2013.When completed,
a definitive proxy statement and a form of proxy will be filed with the
SEC and mailed to the Company’s stockholders. Stockholders are urged to
read the definitive proxy statement when it becomes available and any
other documents to be filed with the SEC in connection with the proposed
merger or incorporated by reference in the proxy statement because they
will contain important information about the proposed merger.

The Company and its directors, executive officers and certain other
members of management and employees of the Company may be deemed
“participants” in the solicitation of proxies from stockholders of the
Company in favor of the proposed merger. Information regarding the
persons who may, under the rules of the SEC, be considered participants
in the solicitation of the stockholders of the Company in connection
with the proposed mergerand their direct or indirect interests,
by security holdings or otherwise, which may be different from those of
the Company’s stockholders generally, will be set forth in the proxy
statement and the other relevant documents to be filed with the SEC. You
can find information about the Company’s executive officers and
directors in its Annual Report on Form 10-K for the fiscal year ended
February 1, 2013 and in its definitive proxy statement filed with the
SEC on Schedule 14A on May 24, 2012.

Consolidated statements of income, financial position and cash flows and
other financial data follow.

Dell is a trademark of Dell Inc. Dell disclaims any proprietary interest
in the marks and names of others.

DELL INC.

Condensed Consolidated Statement of Income and Related Financial
Highlights

(in millions, except per share data and percentages)

(unaudited)

Three Months Ended

% Growth Rates

May 3,

May 4,

2013

2012

Yr. to Yr.

Net revenue

Products

$

10,902

$

11,423

(5

%)

Services, including software related

3,172

2,999

6

%

Total net revenue

14,074

14,422

(2

%)

Cost of net revenue

Products

9,244

9,330

(1

%)

Services, including software related

2,083

2,025

3

%

Total cost of net revenue

11,327

11,355

0

%

Gross margin

2,747

3,067

(10

%)

Operating expenses

Selling, general and administrative

2,208

2,009

10

%

Research, development, and engineering

313

234

34

%

Total operating expenses

2,521

2,243

12

%

Operating income

226

824

(73

%)

Interest and other, net

(68

)

(32

)

(114

%)

Income before income taxes

158

792

(80

%)

Income tax provision

28

157

(82

%)

Net income

$

130

$

635

(79

%)

Earnings per share:

Basic

$

0.07

$

0.36

(81

%)

Diluted

$

0.07

$

0.36

(81

%)

Cash dividends declared per common share

$

0.08

$

-

Weighted average shares outstanding:

Basic

1,748

1,759

(1

%)

Diluted

1,761

1,774

(1

%)

Percentage of Total Net Revenue:

Gross margin

19.5

%

21.3

%

Selling, general and administrative

15.7

%

13.9

%

Research, development, and engineering

2.2

%

1.7

%

Operating expenses

17.9

%

15.6

%

Operating income

1.6

%

5.7

%

Income before income taxes

1.1

%

5.5

%

Net income

0.9

%

4.4

%

Income tax rate

17.6

%

19.8

%

Average total revenue/unit (approximate)

$

1,460

$

1,360

Note: Percentage growth rates and ratios are calculated based on
underlying data in thousands.